Financial Performance - The company's operating revenue for Q1 2024 was RMB 173,420,445.95, representing a decrease of 74.44% compared to the same period last year[5]. - The net profit attributable to shareholders was a loss of RMB 218,754,276.47, reflecting a decline of 205.50% year-on-year[5]. - Basic and diluted earnings per share were both RMB -0.08, down 214.29% from the previous year[5]. - The net profit for the first quarter of 2024 was reported at -¥299.41 million, a significant decline compared to a profit of ¥277.91 million in the same period of 2023[26]. - The company's total operating income for Q1 2024 was ¥173.42 million, down from ¥678.37 million in Q1 2023, indicating a decrease of 74.5%[26]. - The company reported a significant loss in investment income of -¥867.99 million for Q1 2024, contrasting with a gain of ¥595.94 million in Q1 2023[26]. - The company reported a net loss of CNY 263.35 million for Q1 2024, compared to a net profit of CNY 220.69 million in Q1 2023, indicating a significant decline in profitability[33]. - The total comprehensive income for Q1 2024 was 144.09 million RMB, down from 529.99 million RMB in Q1 2023, indicating a decrease of about 72.8%[27]. - The total comprehensive income for Q1 2024 was CNY 97.21 million, a decrease from CNY 547.76 million in Q1 2023, indicating a decline of approximately 82.3%[33]. Cash Flow - The net cash flow from operating activities was negative at RMB -1,018,886,181.06, indicating significant cash outflow[5]. - Cash inflow from operating activities in Q1 2024 was 11.38 billion RMB, compared to 5.15 billion RMB in Q1 2023, reflecting an increase of approximately 120.5%[28]. - The net cash flow from investing activities in Q1 2024 was -2.65 billion RMB, a significant improvement from -1.01 billion RMB in Q1 2023[28]. - Cash flow from financing activities in Q1 2024 was 1.18 billion RMB, down from 3.11 billion RMB in Q1 2023, showing a decrease of about 61.9%[29]. - The company reported a significant increase in cash inflow from operating activities, totaling CNY 10.61 billion in Q1 2024, compared to CNY 4.79 billion in Q1 2023[34]. - The ending balance of cash and cash equivalents as of Q1 2024 was $17.90 billion, compared to $15.15 billion at the end of Q1 2023[35]. Assets and Liabilities - Total assets increased by 7.00% to RMB 93,232,012,683.67 compared to the end of the previous year[5]. - The company's total liabilities increased to ¥74.96 billion as of March 31, 2024, compared to ¥69.01 billion on December 31, 2023, reflecting a rise of 8.5%[24]. - The total assets of the company reached ¥93.23 billion as of March 31, 2024, up from ¥87.13 billion at the end of 2023, representing a growth of 7.4%[24]. - Total liabilities increased to CNY 74.04 billion as of March 31, 2024, up from CNY 68.13 billion as of December 31, 2023, representing an increase of approximately 8.5%[31]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 108,644[11]. - The largest shareholder, Wuxi Guolian Development (Group) Co., Ltd., holds 543,901,329 shares, accounting for 19.21% of the total shares[12]. - The second-largest shareholder, Hong Kong Central Clearing (Agent) Co., Ltd., holds 442,495,570 shares, representing 15.63% of the total shares[12]. - The total shareholding of the top ten shareholders amounts to 48.60% when including indirect holdings[15]. - The number of shares held by the top ten unrestricted shareholders totals 1,080,000,000[14]. Investment and Restructuring Plans - The company plans to issue A-shares to specific targets, with the application accepted by the Shanghai Stock Exchange on March 2, 2023[19]. - The company has decided to terminate the issuance of A-shares for acquiring control of Minsheng Securities and has withdrawn the related application documents[20]. - The company is planning a major asset restructuring by acquiring control of Minsheng Securities through the issuance of A-shares, with the transaction still in the planning stage[21]. - The company plans to actively advance its restructuring efforts during the trading suspension period, which is expected to last no more than 10 trading days[21]. Financial Assets - The company's financial assets at fair value increased significantly, with a fair value change income of RMB 718,095,784.67, compared to a loss of RMB -223,321,129.74 in the same period last year[10]. - The company reported a decrease in net interest income of RMB -26,790,613.64, down 148.94% year-on-year[10]. - The company's interest, fees, and commission cash receipts in Q1 2024 were 713.50 million RMB, an increase from 638.20 million RMB in Q1 2023, reflecting a growth of approximately 11.8%[28]. - The company's financial investments in trading assets increased to 38.80 billion RMB as of March 31, 2024, from 32.49 billion RMB as of December 31, 2023, representing an increase of about 19.5%[30].
国联证券(01456) - 2024 Q1 - 季度业绩